1ton,To me the fork is a structure, with a bunch of statistical...

  1. 2,829 Posts.
    1ton,

    To me the fork is a structure, with a bunch of statistical relationships, that is used to give you clues by the way price reacts, or not, in relation to the structure.

    The rising fork I pointed out has 4 supporting touches on it's support tine. If price breaches the support tine, I would expect it to go 1 channel lower, and would exit on a back test. The point is that there is an extra bunch of structure there from which you can pick up extra clues.

    The fact that when you include the shorter term fork, you have 2 median lines above price means to me there is a fairly strong attraction force above price, but the simple fact that there are 2 means there will be some cunfusion in the influences as price gets above one of them.

    Price does not always do the 3 bar zoom, or the gap up and go.

    With ROC I think you would be better off a with all the structure on the page to help you read the chart.

    reading the chart is a step up the ladder from drawing the chart.
 
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